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Publication Date: 2024-09-10
Practice Area: Creditors' and Debtors' Rights
Industry: Legal Services | Retail
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Adam Hiller, Hiller Law, LLC, Wilmington, DE for assignee.
for defendant: Daniel K. Astin, Ryan M. Ernst, Ciardi Ciardi & Astin, Wilmington, DE; Albert A. Ciardi III, Walter W. Gouldsbury III, Ciardi Ciardi & Astin, Philadelphia, PA; Frederick B. Rosner, The Rosner Law Group LLC, Wilmington, DE; Marc J. Kurzman, Carmody Torrance Sandak & Hennessey LLP, Stamford, CT for creditors.
Case Number: 2019-0650-PAF
Court denied assignee's motion for final distribution and removed assignee upon finding that it had failed to comply with the requirements of the ABC statute and had engaged in apparent self-dealing, including structuring compensation from expenses and then hiring its affiliates to provide seemingly unnecessary services to the trust, such that the assignee failed to act in creditors' best interests.
Publication Date: 2024-08-27
Practice Area: Employment Litigation
Industry: Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: John M. Seaman, E. Wade Houston, Joseph A. Sparco, Abrams & Bayliss LLP, Wilmington, DE; Nicholas G. Hill, Rebecca M. Borkovich, McGuireWoods LLP, Atlanta, GA for plaintiffs.
for defendant: David E. Ross, Eric D. Selden, Ross Aronstam & Moritz LLP, Wilmington, DE; Martin L. Roth, P.C., Kirkland & Ellis LLP, Chicago, IL; Haley S. Stern, Amanda Lamothe-Cadet, Maylynn Chen, Kirkland & Ellis LLP, New York, NY for defendant.
Case Number: 2023-0513-PAF
Former vice presidents were entitled to advancement rights from company in company's IP misappropriation action where certificate of incorporation and bylaws granted advancement to officers, defined as including vice presidents, for claims arising from their service to the company or at the company's request.
Publication Date: 2024-07-16
Practice Area: Mergers and Acquisitions
Industry: Biotechnology | Pharmaceuticals
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Kimberly A. Evans, Lindsay K. Faccenda, Irene R. Lax, Robert Erikson, Block & Leviton LLP, Wilmington, DE; Christopher H. Lyons, Tayler D. Bolton, Robbins Geller Rudman & Dowd LLP, Wilmington, DE; Randall J. Baron, David A. Knotts, Teo A. Doremus, Robbins Geller Rudman & Dowd LLP, San Diego, CA; Brett M. Middleton, Johnson Fistel, LLP, San Diego, CA for plaintiff.
for defendant: Kevin M. Gallagher, Nicole M. Henry, Richards, Layton & Finger, P.A., Wilmington, DE; John F. Sylvia, Kerime S. Akoglu, Mintz, Levin, Cohn, Ferris, Glovsky & Popeo, P.C., Boston, MA; Daniel M. Silver, Benjamin A. Smyth, Sarah E. Delia, Alexandra M. Joyce, McCarter & English, LLP, Wilmington, DE; Meredith Kotler, Mary Eaton, Nicholas A. Caselli, Freshfields Bruckhaus Deringer US LLP, New York, NY for defendants.
Case Number: 2023-0125-PAF
Fiduciary claims against purported controlling stockholder dismissed where plaintiff failed to plead facts demonstrating that stockholder qualified as a controller of the company or exercised transaction-specific control during proposed sale of company via tender offer.
Publication Date: 2024-06-25
Practice Area: Corporate Governance
Industry: E-Commerce | Education | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Kurt M. Heyman, Gillian L. Andrews, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE; Gustavo F. Bruckner, Samuel J. Adams, Ankita Sangwan, Pomerantz LLP, New York, NY for plaintiff.
for defendant: William M. Lafferty, Susan W. Waesco, Emily C. Friedman, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE; Dean S. Kristy, Jennifer C. Bretan, Fenwick & West LLP, San Francisco, CA; Felix S. Lee, Fenwick & West LLP, Mountain View, CA; Ethan H. Townsend, Daniel T. Menken, McDermott Will & Emery LLP, Wilmington, DE; Timothy E. Hoeffner, McDermott Will & Emery LLP, New York, NY for defendants.
Case Number: 2023-0180-PAF
Company's proxy statement was not materially misleading where company was not obligated to state that customers used the company's products to cheat and use of products in that manner was reasonably foreseeable.
Publication Date: 2024-06-11
Practice Area: Labor Law
Industry: Energy
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Michael C. Heyden, Jr., Gordon Rees Scully Manskuhani, LLP, Wilmington, DE; Peggy A. Tomsic, Bryant L. Watson, Magleby, Cataxinos & Greenwood, Salt Lake City, UT for plaintiff.
for defendant: Timothy R. Dudderar, Potter Anderson & Corroon LLP, Wilmington, DE; Alan C. Bradshaw, Chad R. Derum, Mitch M. Longson, Manning Curtis Bradshaw & Bednar PLLC, Salt Lake City, UT for defendant.
Case Number: 2020-0988-PAF
Company breached equity incentive agreement by cancelling employee's award when they transferred to another company under common control with the employer and thus continued in service to the "company group."
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Publication Date: 2024-06-03
Practice Area: Mergers and Acquisitions
Industry: Biotechnology | Technology Media and Telecom
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Joseph L. Christensen, Christensen & Dougherty LLP., Wilmington, DE for plaintiff.
for defendant: Peter J. Walsh, Jr., Michael A. Pittenger, Justin T. Hymes, Potter Anderson & Corroon LLP, Wilmington, DE for defendant.
Case Number: 2024-0172-PAF
Nominal corporate defendant failed to demonstrate need for continued confidential treatment of the complaint where company could not show how disclosure of remaining redacted information would cause harm to company's competitive advantage that outweighed the public interest in access.
Publication Date: 2024-04-08
Practice Area: Corporate Governance
Industry: E-Commerce | Investments and Investment Advisory | Software
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: A. Thompson Bayliss, Eric A. Veres, Abrams & Bayliss LLP, Wilmington, DE for plaintiff.
for defendant: Catherine A. Gaul, Samuel M. Gross, Ashby & Geddes, Wilmington, DE; Bruce L. Silverstein, Malibu, CA for defendants.
Case Number: 2022-0261-PAF
Litigation demand not futile where directors who would give plaintiff a majority lacked any personal or professional connection to the interested controller sufficient to call the directors' independence into question.
Publication Date: 2024-03-26
Practice Area: Creditors' and Debtors' Rights
Industry: Biotechnology
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Adam Hiller, Hiller Law, LLC, Wilmington, DE
for defendant: Patrick Costello, Vectis Law, Redwood City, CA for assignee.
Case Number: 2023-1294-PAF
Court denied assignee's motion to appoint appraisers and fix a bond where assignee failed to file a timely inventory and obtained appraisers without court approval.
Publication Date: 2024-02-12
Practice Area: Corporate Governance
Industry: Construction | Real Estate
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Gary E. Junge, Scott E. Chambers, Schmittinger & Rodriguez, P.A., Dover, DE for plaintiff.
for defendant: Donald L. Gouge, Jr., Donald L. Gouge, Jr., LLC, Wilmington, DE for defendants.
Case Number: 2020-0189-PAF
Court found that parties agreed to LLC agreement naming them equal members and co-managers, based on the parties' course of conduct following agreement that was consistent with the material terms of the agreement.
Publication Date: 2024-02-05
Practice Area: Corporate Governance
Industry: Investments and Investment Advisory
Court: Court of Chancery
Judge: Vice Chancellor Fioravanti
Attorneys: For plaintiff: Thomas W. Briggs, Jr., Morris Nichols Arsht & Tunnell LLP, Wilmington, DE; Laura D. Smolowe, John M. Gildersleeve, Sara H. Worth, Munger, Tolles & Olson LLP, Los Angeles, CA for plaintiffs.
for defendant: Michael A. Barlow, Quinn, Emanuel, Urquhart & Sullivan, LLP, Wilmington, DE; Steven G. Madison, Joseph Sarles, William Pilon, Quinn, Emanuel, Urquhart & Sullivan, LLP, Los Angeles, CA for defendants.
Case Number: 2022-0415-PAF
Court affirmed arbitration award where defendants failed to present evidence sufficient to show that the arbitral panel's interpretation of the parties' agreements was palpably incorrect.
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